re: Do you expect the housing market to take a significant hit?

EBR will see a 10% price increase.

1800sqft $275K+++

Who cares? You sell your house for 80% of the pre-virus value, then you buy one for 80% of its pre-virus value, and you use money from your investment account that’s down 80% to cover any upsizing.

And if you’re downsizing you end up with 80% of what you would have had, but you invest it in a market that’s 80% of what it was, and you end up with the same number of shares of XYX company.

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Real Estate is considered "Essential Services" and they are still showing homes in the Middle Tennessee area at least. Virtual tours are very common now. A record-breaking 3.28 million people filed for unemployment for the week ending March 21, 2020, the Department of Labor reported last Thursday. You will see lenders forego or modify collections for a period of time. Private lenders and government backers will offer various levels of assistance for homeowners who lose wages due to COVID-19.

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They can offer “assistance” all day long but the well runs dry eventually. These banks aren’t going to be able to pay these mortgages forever and the 60 days that people have been given may not be enough. Banks who have financed thousands of properties at thousands of dollars per month are going to want to cut bait and sell eventually. It’ll really just depend on how long this goes on.

Just think, F-250 Platinum with truck nuts included for $28K

If the worst case scenario modeling of 2.5 Million older people die, I would expect an increase of about 3/4 million homes added to the market.

So with the reality, not the modeling, I expect about 350 homes added to the market.

It will at some point as the economy grinds to a halt. However, low interest rates, falling inventory, people with cash, and increasingly desperate people without cash equal real estate moving. I don't believe it'll ever fully tank, but it may decline.

However, I have a friend who is a real estate attorney and has closed something like 40% more sales year over year since Jan. They have a drive-thru closing parlor. Seller on the left lane, buyer on the right lane, attorney in the middle with tables handling the paper shuffle. Everything is signed without the two parties leaving their cars. Big tent over the whole thing.

Business is that good right now. In six months when we're shooting each other, probably not so much.

The housing market is already taking a hit.

I'm not sure it takes an expert to determine that. People don't want strangers in their homes, walking around. And people don't want to go into strangers' homes.

There were a few houses I have been watching for a few months in my local housing market. Two were taken off market in March. All have notices saying that Open Houses are canceled until further notice.

I’m looking to buy right now as a result of all this

Just curious...for those of you in real estate, how are you making it?